Gabelli Funds LLC Increases Holdings in Monro Muffler Brake, Inc. $MNRO

Key Points

• Gabelli Funds LLC has increased its stake in Monro Muffler Brake, Inc. by 43.9%, owning 175,500 shares valued at approximately $2.54 million.
• Monro Muffler Brake recently reported a quarterly earnings per share of $0.22, exceeding analysts' expectations, with revenue rising by 2.7% year-over-year to $301.04 million.
• The company declared a quarterly dividend of $0.28 per share, which represents an annualized yield of 6.8% despite a negative dividend payout ratio of -167.16%.

Gabelli Funds LLC grew its holdings in shares of Monro Muffler Brake, Inc. (NASDAQ:MNRO - Free Report) by 43.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,500 shares of the auto parts company's stock after acquiring an additional 53,500 shares during the quarter. Gabelli Funds LLC owned 0.59% of Monro Muffler Brake worth $2,539,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MNRO. Versant Capital Management Inc boosted its holdings in Monro Muffler Brake by 964.8% in the first quarter. Versant Capital Management Inc now owns 1,938 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 1,756 shares in the last quarter. CWM LLC grew its stake in shares of Monro Muffler Brake by 132.3% during the 1st quarter. CWM LLC now owns 3,067 shares of the auto parts company's stock valued at $44,000 after purchasing an additional 1,747 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Monro Muffler Brake during the 1st quarter valued at about $65,000. GAMMA Investing LLC grew its stake in shares of Monro Muffler Brake by 1,276.7% during the 1st quarter. GAMMA Investing LLC now owns 6,801 shares of the auto parts company's stock valued at $98,000 after acquiring an additional 6,307 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Monro Muffler Brake by 640.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,180 shares of the auto parts company's stock worth $118,000 after purchasing an additional 7,076 shares during the period.

Monro Muffler Brake Stock Down 0.5%

MNRO stock traded down $0.09 during trading on Tuesday, reaching $16.49. 1,177,251 shares of the company traded hands, compared to its average volume of 944,496. Monro Muffler Brake, Inc. has a 12 month low of $12.19 and a 12 month high of $30.18. The business has a 50 day simple moving average of $15.65 and a 200 day simple moving average of $15.45. The company has a market capitalization of $494.35 million, a price-to-earnings ratio of -24.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.50.

Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. Monro Muffler Brake had a positive return on equity of 2.49% and a negative net margin of 1.59%.The company had revenue of $301.04 million for the quarter, compared to the consensus estimate of $295.05 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Monro Muffler Brake, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Muffler Brake Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 26th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, August 26th. Monro Muffler Brake's dividend payout ratio (DPR) is currently -167.16%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen raised Monro Muffler Brake from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company decreased their price target on Monro Muffler Brake from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.33.

Monro Muffler Brake Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.